OXE Marine Q4 2023: Sales at ATH - Redeye

Redeye is pleased to see a major boost in sales numbers and solid gross margins in Q4, which marked a new record level for OXE Marine. Not a big surprise, since deliveries to the US Government were ramping up. We believe the company has a solid backlog for H1 2024 and we hope to see more orders being announced in the coming months. Following the Q4 report, we will probably not make any major changes to our forecasts or valuation.

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